DISSOLUTION OF PARTNERSHIP

DISSOLUTION OF PARTNERSHIP

12th Grade

18 Qs

quiz-placeholder

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DISSOLUTION OF PARTNERSHIP

DISSOLUTION OF PARTNERSHIP

Assessment

Quiz

Other

12th Grade

Hard

Created by

Priti Sharma

Used 4+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Partners Loan Account is :-

Personal Account

Real Account

Nominal Account

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

6. Liabilities to third parties in case of dissolution of partnership firm do not include : -

Reserves

Credit Balance of P&L Account

Partners loan

All of the Above.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

When Realisation expenses are borne& paid by the same partner :-

(a) No entry will be passed

(b) Realisation Account will be debited ,CashAccount will be credited

(c) None of above

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Partners loan Account is not transferred to :-

Bank Account

Realisation Account

(c) Partners loan Account

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Dissolution of the Partnership does not include :-

Admission of a partner

Death of a partner

Change in Profit-Sharing Ratio

Dissolution of firm

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Accumulated Profit /Loss are transferred to Partner’s Capital Account in case of dissolution in their

New Ratio

Gaining Ratio

Profit Sharing Ratio

(d) None of the above

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Unrecorded Asset taken over by a Partner at the time of dissolution of the firm is .................... to his Capital Account.

Debited

Credited

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